Welcome to our dedicated page for Archer Daniels Midland news (Ticker: ADM), a resource for investors and traders seeking the latest updates and insights on Archer Daniels Midland stock.
Archer Daniels Midland Company reports developments tied to its role as a global agricultural supply chain manager, commodity processor, grain merchandiser, and provider of human and animal nutrition ingredients. Recurring updates cover quarterly and annual results, segment performance in Nutrition and agricultural processing activities, guidance, bio-based solutions, and market conditions affecting crops, oilseeds, corn, wheat, sweeteners, starches, ethanol, and biofuels.
ADM news also includes cash dividend declarations on its common stock, board and governance changes, sustainability and ethics recognition, farmer-resilience partnerships, and investor conference appearances. Company announcements often connect its processing and logistics network with food security, nutrition, agricultural markets, and the bioeconomy.
ADM and Farmers Business Network (FBN) have launched Gradable, a joint venture to expand their technology platform for sustainable and regenerative agriculture. The platform tracks farming practices, enabling farmers to earn rewards and buyers to identify sustainably produced grain. Gradable currently has over 20,000 farmer users across 12 million acres, scoring 200 million bushels of corn and soybeans annually. It facilitates $30 million in incentives for sustainable practices yearly.
The 50-50 joint venture aims to expand Gradable's reach, serving partners throughout the grain supply chain. It will expand across ADM's facilities in the U.S. and Canada, increase commercial partnerships, and help meet global demand for sustainable food, feed, fuel, and industrial products. ADM's regenerative agriculture efforts enrolled 2.8 million acres last year, highlighting the growing importance of sustainable farming practices.
ADM (NYSE: ADM) has announced its 371st consecutive quarterly dividend, maintaining a remarkable record of over 92 years of uninterrupted payments. The Board of Directors has declared a cash dividend of 50.0 cents per share on the company's common stock. This dividend will be payable on September 11, 2024, to shareholders of record as of August 21, 2024. As of June 30, 2024, ADM reported 478,050,028 outstanding shares of common stock. This consistent dividend payment demonstrates ADM's long-standing commitment to delivering value to its shareholders.
ADM, a global leader in innovative natural solutions, has been awarded the 2024 Sustainability Leadership Award by the Business Intelligence Group. This recognition, part of the group's ninth annual Sustainability Awards program, highlights ADM's commitment to environmental responsibility and innovation.
Alison Taylor, ADM's chief sustainability officer, emphasized that sustainability is foundational to the company's purpose and growth strategy. ADM integrates sustainable practices into its daily operations, serving customers across various value chains while supporting a healthier planet.
The Business Intelligence Group's CEO, Russ Fordyce, noted that sustainability has become important for forward-thinking companies, praising ADM for placing it at the core of their operations. This award underscores ADM's significant contributions to environmental protection and sustainable business practices.
ADM reported Q2 2024 results with EPS of $0.98 and Adjusted EPS of $1.03, along with net earnings of $486 million and adjusted net earnings of $508 million. Earnings before taxes were $596 million, down 47% from Q2 2023. Segment operating profit fell 37% to $1,014 million. The Ag Services & Oilseeds segment dropped 56% to $459 million. Carbohydrate Solutions rose 12% to $357 million, while Nutrition decreased 36% to $109 million. For H1 2024, earnings before taxes were $1,481 million, down 41% year-over-year, and adjusted segment operating profit decreased 30% to $2,338 million. Despite challenging market conditions, ADM affirms its full-year EPS guidance of $5.25 to $6.25.
ADM (NYSE: ADM) has released its second annual report on global regenerative agriculture efforts, highlighting significant progress and future goals. The report details ADM's approach, regional programs, and partnerships across the value chain. Key achievements in 2023 include reducing Scope 3 emissions by 310,000 metric tons of CO2e and sequestering 263,700 metric tons of CO2. ADM has expanded its goal to 5 million regenerative acres by 2025, potentially reducing CO2 equivalent to powering 125,000 homes for a year.
The company's farmer-centric approach has successfully delivered over 2.8 million acres in 2023, with a 2024 target of 3.5 million acres. ADM's efforts have been recognized as finalists in prestigious sustainability awards. The report emphasizes ADM's commitment to meeting growing consumer demand for sustainably sourced products while supporting farmers and strengthening the global food system.
ADM (NYSE: ADM) has announced the release date for its second quarter 2024 financial results. The company will unveil its financial performance before the market opens on Tuesday, July 30, 2024. Accompanying the results, ADM will provide a slide presentation for download. To discuss the results and offer a company update, ADM will host a webcast at 8 a.m. Central Time on the same day. Interested parties can access the webcast and download the presentation at www.adm.com/webcast. For those unable to attend the live event, a replay of the webcast will be available for an extended period at the same web address.
ADM (NYSE: ADM) and LG Chem announced the termination of their joint ventures to produce lactic and polylactic acid due to escalating construction costs. Established in 2022, these projects have been reevaluated, and it was determined they no longer align with ADM's investment return objectives. Despite this, ADM remains focused on decarbonization and expanding its biosolutions portfolio. The company continues to support innovation, job creation, and economic growth in Decatur, where its North American headquarters are located. For more info, visit www.adm.com/Decatur.
ADM (NYSE: ADM) has named Monish Patolawala as its new Executive Vice President and Chief Financial Officer, effective August 1, 2024. He will succeed Ismael Roig, who has been the Interim CFO since January 2024. Patolawala brings over 25 years of experience in global finance and technology, having previously worked at 3M and GE. He will oversee ADM's Global Finance and Accounting, Global Business Services, Global Technology, and Enterprise Strategy. ADM’s CEO, Juan Luciano, expressed confidence in Patolawala's ability to drive productivity, innovation, and operational excellence. Patolawala is enthusiastic about contributing to ADM’s mission of enhancing global food security and shareholder value. Roig will continue his role as President of EMEA and President of Animal Nutrition.
ADM and Bayer have extended their collaboration to promote regenerative agricultural practices in Europe. After a successful feasibility study with oilseed rape farmers in Poland, the project will expand to include more crops like corn, wheat, and barley across Eastern Europe. The study revealed a 15% reduction in carbon emissions for farms using regenerative practices, with potential reductions up to 40%. Farmers will receive financial and technical support, including agronomic guidance and compensation for each qualifying hectare. Bayer's digital tools, in collaboration with Trinity Agtech's Sandy platform, will verify emission reductions. The initiative aims to build a sustainable, lower-carbon supply chain, leveraging advanced science and agronomy capabilities.
ADM Animal Nutrition, a division of ADM, has expanded its recall on various feed products due to elevated levels of magnesium, sodium, calcium, chloride, and/or phosphorus. The recall now includes multiple additional lots of products intended for cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep, and swine. Though no illnesses have been reported, the elevated levels of these minerals can cause significant health issues in animals, including weight loss, decreased appetite, lethargy, and in severe cases, mortality. The recall affects a range of products distributed across several states from January to April 2024. Customers are advised to stop using the recalled feed and return it for a full refund.